AUD/USD Range-Bound as RBA Holds Rates Steady, Key Levels Intact

AUD/USD remains confined within a tight trading range following the Reserve Bank of Australia's decision to hold interest rates unchanged at its June meeting. The pair showed limited reaction to the announcement, with price action stuck within a well-defined cluster of key technical levels. The RBA reiterated that both headline and underlying inflation remain above the central bank's target band, while acknowledging elevated uncertainty surrounding the global economic outlook. Policymakers specifically flagged ongoing Middle East tensions and their potential impact on global energy prices as a key risk factor. Notably, some of the more hawkish language from previous statements was softened, suggesting policymakers may be edging closer to a more neutral stance. From a technical perspective, the pair remains trapped between established support and resistance zones, with neither bulls nor bears able to establish clear directional control. Traders should watch for a decisive breakout from the current consolidation range for the next directional signal, with the upcoming FOMC decision likely to serve as a potential catalyst.